Tender

Investment Property Advisor

SWINDON BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Tender

23 Jun 2017 at 15:31

Tender Notice
Summary of the contracting process

Swindon Borough Council is inviting expressions of interest for the position of Investment Property Advisor. This tender, categorised under real estate services, is aimed at enhancing the Council's commercial property portfolio in Swindon, England. The procurement process is currently at the tender stage, with responses required by 21st July 2017, at 12:00 UK local time. The initial contract period will commence on 1st September 2017, lasting for 24 months, with a potential extension of 12 months subject to satisfactory performance. The council aims to generate an additional £500,000 in net income annually, increasing each year, necessitating multiple property acquisitions valued between £3.5m and £7m.

This tender presents a substantial opportunity for businesses specialising in property investment consultancy and advisory services. Firms that are well-suited to compete include those with a proven track record in real estate portfolio management, investment analysis, and strategic acquisition planning. Small and medium-sized enterprises (SMEs) are encouraged to participate, as the Council is looking for suitably qualified and experienced service providers to drive its commercial aspirations in the property market.

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Notice Information

Notice Title

Investment Property Advisor

Notice Description

Investment Property Advisor Swindon Borough Council invites expressions of interest from suitably qualified and experienced service providers for the provision of investment property advice and portfolio review Project Description In common with a number of local authorities, Swindon Borough Council is looking to acquire more commercial properties for purely investment purposes to provide new and additional sources of income over the medium to long term to support the delivery of Council services. The Council has set an annual budgetary target of an additional PS500,000 net income starting in 2017/18, increasing by PS500,000 each year thereafter. We anticipate this may require around 4 to 5 completed acquisitions annually reflecting individual lot sizes of between PS3.5m to PS7m. To support this acquisition programme the Council is looking to appoint a specialist Investment Property Advisor to review of the existing portfolio, and provide investment advice on future acquisitions Full details relating to the Services are provided in the tender documents. Contract Period The contract will be initially for a period of 24 months commencing 1 September 2017 with the option to extend for a further 12 months subject to satisfactory performance and budget availability. The relevant tender documents are included within this project webpage as attachments. Tender Responses are required to be submitted no later than 21st July 2017, 1200hrs UK Local Time by hardcopy to Jonathan Coats only. If you require any clarifications on the tender documents please submit these in writing via e-mail, including the project name clearly in the e-mail title, to Jonathan Coats at jcoats@swindon.gov.uk by 14th July 2017, 1200 UK Local Time. The Council's responses to these clarification questions will be uploaded as attachments on the project webpage attachments section. Therefore it is the Contractor's responsibility to check the site regularly for updates to clarifications, as you will not be advised when updates have been made. In the event of difficulties downloading tender documents, please refer to the named contacts Jonathan Coats at jcoats@swindon.gov.uk. No Tender submissions will be considered without completing the tender documents in full including attachments and returning them in alignment with the instructions within the tender documents.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6e96d208-7473-4e64-ad8d-0d8faab35704
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/bbaca5ed-cae8-4f7c-a50c-0f012c56573b
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

CPV Codes

70000000 - Real estate services

Notice Value(s)

Tender Value
£40,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
23 Jun 20178 years ago
Submission Deadline
21 Jul 2017Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Aug 2017 - 31 Aug 2019 1-2 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
SWINDON BOROUGH COUNCIL
Contact Name
Sue Connaghan
Contact Email
sconnaghan@swindon.gov.uk
Contact Phone
+44 1793463753

Buyer Location

Locality
SWINDON
Postcode
SN1 2JG
Post Town
Swindon
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK7 Gloucestershire and Wiltshire
Small Region (ITL 3)
TLK71 Swindon
Delivery Location
TLK South West (England)
Local Authority
Swindon
Electoral Ward
Eastcott
Westminster Constituency
Swindon South

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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